10 Unique Ways to Invest in Your Employees and Reduce Turnover

Go beyond employee benefits and perks

Written by Lauren Fischer | June 13, 2019

Invest in Your Employees | How-To

The most important asset of any company? Employees

Competition for talent is growing - making outstanding employees tough to find and even harder to replace. By investing in their personal growth and career development, you can help them feel secure and valued by your organization. 

With that said, if you're not investing in your employees, you're not truly investing in the future of your business. We've compiled ten ways you can be more invested in your workforce to retain talent and build a positive work environment. 

1. Set Them Up for Success
Have you ever been in a role where you didn’t have the tools necessary to succeed? Whether it be proper training, guidance from management or access to technology, equipping employees with everything they need to excel in their position shows that you not only expect good work, but want them to feel confident doing it.

2. Conduct Frequent One-on-Ones
An important aspect of being in a leadership role is making sure your employees feel heard, safe and empowered. The one-on-one meeting is a fantastic way to do this. Use 1:1 meetings to uncover what employees are excited about, any challenges they’re facing and how you can mentor them to be successful. Asking them about their weekend plans doesn't hurt, either! 

3. Assign Projects to Challenge Their Capabilities
Identify and delegate challenging assignments that go beyond an employee's day-to-day tasks. The truth is, we all enjoy completing projects and doing well. But when employees are no longer feeling challenged by their work, it decreases job satisfaction and they may seek other opportunities to further their skills. 

4. Provide Access to Upper Management
It’s a fact; managers are often viewed as ‘too busy’ or ‘not to be disturbed’ by employees. Even if your calendar is inundated with meetings, it’s important to make time for your employees and encourage communication. Here’s some tips: share your calendar, keep your door open and establish an open dialogue.     

5. Help Them Expand Their Network
Use your own professional network to connect employees with contacts that can help them grow. Include them in an important meeting, bring them to networking events, introduce them to other professionals or send them to training courses. Not only will employees be grateful for these opportunities, but networking experience will help them become stronger professionals within your organization.

6. Offer Benefits Education
Health benefits are the most valued perk an employer can offer – but a surprising number of employees don’t have the best understanding of what these offerings mean. Investing in a fully-outsourced benefits technology system is a way for employees to access their benefits without bogging down your HR department with questions. The better your employees understand benefits, the more likely they are to see the value in these offerings and establish longevity with the company.

7. Get to Know Them 
Knowing your team members and showing a true appreciation for them and their personalities, wants, needs, and work styles will build a sense of trust and community within your organization. Most likely, employees will value the camaraderie and the result will be increased workplace morale, employee performance and job satisfaction.

8. Organize Solid Training Programs
Similar to setting up employees for success, solid training is a key component for all positions. While some employees excel when being 'thrown to the wolves, others won't - and can easily become stuck, frustrated or even pursue other opportunities. Creating training programs shows both existing and new employees that you're invested in building a strong and lasting team. 

9. Hold Exit Interviews
Exit interviews are an excellent tactic in making improvements throughout an organization. Use these meetings to identify what areas are succeeding, which need attention and how to improve the employee experience for current and future staff. 

10. Listen. 
Last but not least - listening to your employees is crucial. While it may seem like a no-brainer, there may be less listening taking place in the workplace than you think. Listening to employee ideas, thoughts and concerns will help them grow in terms of initiative and innovation, while helping employers be proactive in identifying what's truly important to their workforce. 

Ready to make a professional investment? Start with your employees. Not only will your employees benefit, you'll build a team that is engaged, motivated and ultimately, more productive. 

For more tips on employee satisfaction, download our White Paper! 


Topics: Company Culture, For Employers